Eligible Compensation

Eligible Compensation. With respect to a Participant, the total cash compensation paid to the Participant by the Participating Companies each pay period during a Purchase Period, including any elective salary deferral contributions made therefrom pursuant to Code Sections 125, 129, 132, 401(k), or such other code sections as may be allowed by the Company.

Eligible Compensation. Shall mean compensation that an Employee or Director could agree to exchange for Options under this Plan. For an Employee, 'Eligible Compensation' shall include (i) base pay, (ii) short term cash incentives, (iii) amounts payable under the Fortis Appreciation Incentive Rights (FAIR) Plan, (iv) cash payments under a change in control severance agreement, (v) other severance payments, (vi) other cash compensation payments, (vii) amounts payable under the Fortis Executive Pension and Executive... 401(k) Plan, and (viii) accrued but unused vacation pay. A Participant who wishes to exchange Eligible Compensation for Options under the Plan must elect to do so by notifying the Committee in writing no less than six months prior to the start of the year in which the Eligible Compensation may be paid to the Participant. Notwithstanding the foregoing, Eligible Compensation shall not include (x) any amounts payable as a lump sum later than the 90th day following the Participant's Termination of Employment; or (y) any amounts payable in installments following the Participant's Termination of Employment. View More

Eligible Compensation. The Participant's cash compensation paid through the Company's or a Designated Subsidiary's payroll system for personal services actually rendered in the course of employment.

Eligible Compensation. Such items of compensation as the Plan Administrator determines may be deferred hereunder at the election of an Eligible Employee, which may include (but shall not be limited to) base salary, bonus compensation, commissions, and equity awards

Eligible Compensation. With respect to each Participant for each pay period, the regular base earnings, commissions, overtime and, for employees on an Involuntary Military Leave of Absence, pay differential, paid to the Participant by the Company and/or one or more Participating Subsidiaries during the Offering Period before reductions are made to Code Section 125 and Section 401(k) plans maintained by the Company and/or its Participating Subsidiaries. However, any incentive compensation or other bonus amounts shall... be excluded for purposes of determining Eligible Compensation View More

Eligible Compensation. 50% of an Eligible Employee's base salary and 100% of any Cash Bonus payable by the Company to an Eligible Employee

Eligible Compensation. The term "Eligible Compensation" shall mean the regular salary and hourly wages (calculated at the regular hourly rate, including payments for sick leave, vacation, paid time-off, holidays, jury duty, bereavement and other paid leaves of absence). In addition commissions (i.e., amounts paid to Participants by an Employer related to a particular transaction or sale) paid by an Employer to a Participant during the Offering Period are considered "Eligible Compensation." "Eligible Compensation"... shall not include other forms of compensation such as short-term disability payments, severance payments, incentive compensation, equity compensation and overtime pay. View More

Eligible Compensation. Defined from time to time by the Committee in its sole discretion with respect to any Offering and Purchase Period. Except as otherwise defined by the Committee from time to time in its sole discretion, (i) Eligible Compensation means the cash compensation classified as wages and salary paid by the Company or any Designated Affiliate to a Participant in accordance with the Participant's terms of employment, (ii) Eligible Compensation includes contributions made by the Participant by payroll... deduction to any qualified cash or deferred arrangement that forms part of a plan maintained by the Company or an Affiliate (while it is an Affiliate), or to a cafeteria plan maintained by the Company or an Affiliate (while it is an Affiliate), or under any qualified transportation fringe benefit plan, and (iii) Eligible Compensation shall not include any commissions, overtime earnings, bonuses, employer contributions to a 401(k) or other retirement plan, amounts deferred to a non-qualified deferred compensation plan, any expense reimbursements or allowances, vacation pay in lieu of time off, coverage provided or amounts paid under any welfare benefit plan (unless provided above), amounts paid by an insurance company, amounts paid in a form other than cash and other fringe benefits, or any income (whether paid in Shares or cash) realized by the Participant as a result of participation in any equity-based compensation plan of the Company or an Affiliate View More

Eligible Compensation. The gross (before taxes and other authorized payroll deductions are withheld) total of all wages, salaries, commissions, overtime and bonuses received during the Offering Period, but shall not include (a) employer contributions to or payments from any deferred compensation program, whether such program is qualified under Code Section 401(a) (other than amounts considered as employer contributions under Code Section 402(e)(3)) or nonqualified, (b) amounts realized from the receipt or exercise of... a stock option that is not an incentive stock option within the meaning of Code Section 422, (c) amounts realized at the time property described in Code Section 83 is freely transferable or no longer subject to a substantial risk of forfeiture, (d) amounts realized as a result of an election described in Code Section 83(b), and (e) amounts realized as a result of a disqualifying disposition within the meaning of Code Section 421(b) View More

Eligible Compensation. Means, with respect to any Participant and with respect to each pay period, the base salary or regular hourly wages (including, for the sake of clarity, any 13th month/14th month payments or similar amounts as determined under local laws for Participants employed outside of the United States), excluding any incentive cash compensation and equity compensation incentive payments. The Committee may, in its sole discretion, on a uniform and nondiscriminatory basis, establish a different definition... of Eligible Compensation for any subsequent Offering Period, consistent with the requirements of Code Section 423 for Section 423 Offerings. In addition, the Committee may establish a different definition of Eligible Compensation for any subsequent Offering Period for Non-Section 423 Offerings, and shall have the authority to interpret which components of remuneration constitute Eligible Compensation for Participants employed outside of the United States. View More